Well I am new to the Cryptocurrency world...so I don't fully understand the meaning behind Coldstorage. Have read that word a lot in many different threads...just never got the guts to ask...What exactly is cold storage?
Cold storage is in other words an offline storage, it can be for instance a paper wallet or an encrypted wallet.dat stored on a USB stick. When you have a wallet that you're using daily to process transactions it's your hot wallet.
I keep my coins on Electrum, which is not a multisig wallet. I understand the advantages of a multisig. Then I would have to keep 3 "things" really safe instead of just 1. I might have to do that someday, when I have a huge amount, not worried about it now.
Same here. Maybe if I had a small fortune in Bitcoin I'd be more inclined to make paper wallets and stuff. When I had more coins I used a dedicated netbook running ubuntu that I turned on only to process the payments. Now I don't even bother and keep most stuff online, just divided between different wallets.
Just make sure them sites are not going to go anywhere had that with 4 or more exchanges with online wallets. Lucky didn't have much in them and ran into problems going off line hacked and other news on them and come back and now waiting on re payments from the exchange that seems to not be budging much. Like you Panda I use online wallets to some level but too many sites now pop up and come and go just be careful with them
